International Combustion (India) (BOM:505737) E10: ₹20.71 (As of Mar. 2026)


BOM:505737 International Combustion (India) Ltd BOM:505737
61 GF Score
Price ₹615.90
GF Value ₹1,003.09
Valuation Significantly Undervalued
! 2 Warning Signs
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What is International Combustion (India) E10?

International Combustion (India) BOM:505737 +6.15% 61 E10 is ₹20.71 as of Mar. 2026. GuruFocus rates BOM:505737 with a GF Score™ of 61/100 and a GF Value™ of ₹1,003.09 (Significantly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

International Combustion (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was ₹4.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹20.71 for the trailing ten years ended in Mar. 2026.

During the past 12 months, International Combustion (India)'s average E10 Growth Rate was -2.40% per year. During the past 3 years, the average E10 Growth Rate was 24.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of International Combustion (India) was 30.70% per year. The lowest was 24.50% per year. And the median was 27.60% per year.

As of today (2026-07-12), International Combustion (India)'s current stock price is ₹615.90. International Combustion (India)'s E10 for the quarter that ended in Mar. 2026 was ₹20.71. International Combustion (India)'s Shiller PE Ratio of today is 29.74.

During the past 13 years, the highest Shiller PE Ratio of International Combustion (India) was 148.87. The lowest was 18.41. And the median was 40.46.


International Combustion (India)  (BOM:505737) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

International Combustion (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=615.90/20.71
=29.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of International Combustion (India) was 148.87. The lowest was 18.41. And the median was 40.46.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


International Combustion (India) E10 Related Terms


International Combustion (India) E10 Historical Data

* Premium members only.

The historical data trend for International Combustion (India)'s E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Combustion (India) E10 Chart

International Combustion (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.51 10.74 14.39 21.21 20.71

International Combustion (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.21 20.85 19.51 19.86 20.71

BOM:505737 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, International Combustion (India)'s Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


International Combustion (India) Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, International Combustion (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where International Combustion (India)'s Shiller PE Ratio falls into.


BOM:505737
61GF Score
International Combustion (India) Ltd BOM:505737
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Combustion (India) E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, International Combustion (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.5/164.2724*164.2724
=4.500

Current CPI (Mar. 2026) = 164.2724.

International Combustion (India) Quarterly Data

per share eps CPI Adj_EPS
201412 -3.270 96.780 -5.550
201503 16.460 97.163 27.829
201506 -15.180 99.841 -24.976
201509 15.350 101.753 24.781
201512 -2.940 102.901 -4.693
201603 -1.383 102.518 -2.216
201606 -3.240 105.961 -5.023
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201809 2.050 115.142 2.925
201812 0.330 115.142 0.471
201903 11.910 118.202 16.552
201906 -7.640 120.880 -10.383
201909 0.670 123.175 0.894
201912 -11.450 126.235 -14.900
202003 10.760 124.705 14.174
202006 -23.780 127.000 -30.759
202009 -5.010 130.118 -6.325
202012 1.140 130.889 1.431
202103 6.030 131.771 7.517
202106 -3.590 134.084 -4.398
202109 5.050 135.847 6.107
202112 10.400 138.161 12.366
202203 5.510 138.822 6.520
202206 1.070 142.347 1.235
202209 4.910 144.661 5.576
202212 14.210 145.763 16.014
202303 14.570 146.865 16.297
202306 23.930 150.280 26.158
202309 20.990 151.492 22.761
202312 23.060 152.924 24.771
202403 15.500 153.035 16.638
202406 7.420 155.789 7.824
202409 0.880 157.882 0.916
202412 25.820 158.323 26.790
202503 28.420 157.552 29.632
202506 -3.900 159.755 -4.010
202509 0.500 162.289 0.506
202512 -11.110 163.281 -11.177
202603 4.500 164.272 4.500

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹20.71 mean?
International Combustion (India) (BOM:505737) has a E10 of ₹20.71 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on International Combustion (India) and its competitors.
Is International Combustion (India)'s E10 too high?
International Combustion (India)'s current E10 is ₹20.71. Overall, International Combustion (India) has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Combustion (India)'s E10 compare to GEV and ETN?
International Combustion (India)'s E10 of ₹20.71 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Industrial Products company?
A good E10 depends on the Industrial Products industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on International Combustion (India) and its competitors. International Combustion (India)'s current E10 is ₹20.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Combustion (India) stock overvalued right now?
Based on GuruFocus' analysis, International Combustion (India) (BOM:505737) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,003.09, compared to a current price of ₹615.90 — trading 38.6% below its estimated fair value. The current E10 is ₹20.71. International Combustion (India)'s overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For International Combustion (India) (BOM:505737), the current E10 is ₹20.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Combustion (India) (BOM:505737) Overvalued in 2026?

Based on GuruFocus' analysis, International Combustion (India) stock appears to be undervalued. The current stock price of ₹615.90 is trading 38.6% below its estimated GF Value™ of ₹1,003.09. GuruFocus considers International Combustion (India) to be Significantly Undervalued.

Key valuation signals for BOM:505737:

  • E10: ₹20.71
  • GF Value™: ₹1,003.09 vs. price of ₹615.90 (38.6% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the BOM:505737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Combustion (India) Business Description

Address Infinity Benchmark, 11th Floor, Plot Number G-1, Block-EP & GP, Sector-V, Salt Lake Electronics Complex, Kolkata, WB, IND, 700091
International Combustion (India) Ltd engages in the manufacturing of heavy engineering equipment. Its segments include Mineral & Material Processing and Handling Equipment, Gear Box and Geared Motor Drive System, and Building Material Division. The company's product portfolio comprises vibrating screens and feeders, cone crushers, bulk material handling equipment, mining haulages, Raymond grinding mills, air classifiers, flash drying systems, and geared motors and gearboxes. Geographically, it generates the majority of its revenue from India.
61GF Score

Get the complete analysis for BOM:505737

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹615.90
Price
₹1,003.09
GF Value